Austrian School

The Austrian School is a school of economic thought that originated in late-19th and early-20th century Vienna, Austria with the work of Carl Menger, Eugen Boehm von Bawerck, and Friedrich von Wieser, among others. It identified the collectivist underpinnings to the various socialist and fascist doctrines of government power as being just different brands of political totalitarianism, and it supported individualism. The Austrian School is closely associated with economic liberalism and libertarianism.